Massachusetts offshore wind farm offer massive savings for consumers

Massachusetts offshore wind energy - Wind Turbine on water

The first major offshore wind farm in the US to cut monthly power bills up to 1.5%. The Massachusetts offshore wind farm is expected to save the state’s electricity users an estimated $1.4 billion over 20 years, reported Bloomberg. Electricity will be delivered at an average price of 8.9 cents per kilowatt hour. The commercial-scale 800-megawatt Massachusetts offshore wind project known as Vineyard Wind, which will be located just south of Martha’s Vineyard, has agreed to provide electricity at an average price of 8.9 cents a kilowatt hour throughout the…

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Dirty renewable energy a problem in Rhode Island

Dirty Renewable Energy - Wood - Biomass

Rhode Island’s clean energy practices need improvement according to new study. A national study conducted by Washington D.C.-based environmental advocacy group Food & Water Watch, has criticized Rhode Island for using dirty renewable energy sources that the state has declared a part of its renewables program. Rhode Island’s RES includes generating power from dubious fuels. In essence, “dirty renewable energy” refers to the generation of energy from natural sources that produce pollution, such as woody biomass and landfill gas, both of which produce greenhouse gas emissions, including carbon dioxide, methane…

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Renewable energy fund to invest in European clean energy projects

New renewable Energy Fund partnership between Vitol and Low Carbon - Green grass and light bulb

Vitol and Low Carbon partner to jointly start VLC Renewables. Vitol, the world’s largest oil trader, and Low Carbon, a privately held investment firm, have announced a joint renewable energy fund. The Jersey-based fund is called VLC Renewables and its purpose, according to a recent press statement from Vitol, is to generate significant investment in renewable energy assets across Europe. The fund will be allocated an initial €200 million. To start, the renewable energy fund will focus on investment in both onshore and offshore wind energy projects. It will also…

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IRS to extend solar power incentives to boost clean energy market

Solar Power Incentives - Solar Panels

The Internal Revenue Service is extending its green energy source incentives for up to four years. The Internal Revenue Service has announced its intention to support green energy by extending solar power incentives. These advantages for clean energy sources will be continued for as long as four years. Renewable energy developers will have access to a 30 percent tax credit for their solar projects. In order to take advantage of these solar power incentives, developers must support their applications with the right proof. To be eligible, they must have and…

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China announced new trade plan to support renewable energy

Renewable Energy Trade Plan

Trade plan aims to boost small and medium-sized clean power projects China’s National Energy Administration has announced that small and medium-sized renewable energy producers will now be able to sell their electricity directly to buyers. The direct sale of this electricity will mostly be seen in regions where energy demand is high and comprehensive transmission capacity exists. This is part of China’s overarching plan to have renewable energy play a much larger role in its future. The country is working to eventually phase out the use of fossil-fuels in order…

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Renewable energy has a promising future in Africa

Africa Renewable Energy Future - Sunset

African clean power sector to see strong growth in the near future The demand for renewable energy is growing quickly throughout Sub-Sahara Africa. Several African countries are looking to embrace clean power for the economic benefits that it offers. This demand is expected to have a significant impact on the renewable energy space. Within the next five years, the region’s clean power capacity is predicted to grow by more than 70%. New clean power systems will provide Africans with a reliable source of electricity. Renewable energy capacity set to grow…

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Renewable energy in India gets more support from European Investment Bank

Euro - European Investment Bank Supports Renewable Energy

Bank is investing more than $900 million into India’s renewable energy market The European Investment Bank has announced that it will be providing more than $900 million to India’s renewable energy space. The bank is also partnering with the Indian Renewable Energy Development Agency and the India Infrastructure Finance Company. Through this partnership, the bank will help deploy new affordable solar energy systems. The funding will help provide more momentum to India’s growing clean energy space, which has been growing in recent years due to government support. Funding will help…

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China is the world’s most attractive renewable energy market

China Flag - Renewable Energy News

Report shows that China holds the top spot in the world’s renewable energy market China is retaining its top spot as the world’s most attractive market for renewable energy, according to a yearly report from Ernst and Young. The report shows that the country has established major momentum in the solar power space. Currently, the country stands as the world’s leading solar market, having increased its total solar capacity by 21 gigawatts of capacity within the first six months of this year. China has also significantly increased energy capacity in…

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Global renewable energy consumption set to rise through 2040

Renewable Energy World

New report highlights the world’s growing consumption of electrical power The Energy Information Administration has released a new report concerning the world’s consumption of electrical power. The report predicts that global energy consumption will increase by 28% by 2040. Notably, the demand for coal is expected to decrease in the coming years. Many countries are expected to increase their reliance on renewable energy sources, such as solar and wind, in order to replace their consumption of fossil-fuels. China will see a major increase in renewable energy use The report from…

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Green home energy is leading the way among renovation trends

Green Energy Home - Residential renewble energy

A growing number of homeowners are opting for microgeneration technologies such as solar. Building an addition or an extension onto an existing house can be a phenomenal way to boost home value and ensure that a current residence continues to suit a family’s needs without having to move. However, a bigger home can lead to rising electrical and heating demands and costs. As a result, many homeowners are choosing to participate in a rapidly growing green home energy trend. By installing microgeneration technologies onto existing homes or those that have…

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Elcogen fuel cell technology to power clean energy hub

TALLINN – European fuel cell manufacturer Elcogen will supply its technology for a groundbreaking new project demonstrating how reversible solid oxide cells can be used in innovative clean energy storage systems. Elcogen’s market-leading solid oxide fuel cell (SOFC) technology will be used in the upcoming REFLEX project, which will operate an energy hub coupled to solar and mini-hydro renewable sources to provide both electricity and heat to the nearby technology park. At the heart of this energy hub, Elcogen SOFCs will be operating either in electrolysis mode (SOEC) – to store excess electricity to produce hydrogen – or in fuel cell mode (SOFC) when energy…

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France is taking another step in its transition toward renewable energy

Renewable Energy in France - French Flag

Country to ban new oil and gas exploration projects France is set to take a major step forward in its transition away from fossil-fuels in favor of renewable energy. The country is planning to no longer grant licenses for new oil and gas exploration projects. This is part of France’s “ecological transition,” which will see the country move away from old forms of power that produce harmful emissions. By halting new oil and gas exploration projects, France may be able to significantly slow the development of new fossil-fuel systems as…

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The future of renewable energy continues to look promising

Renewable Energy Future

Report highlights the continued growth in the demand for renewable energy The demand for renewable energy continues to rise, with wind and solar power becoming quite popular among consumers and businesses alike. According to Deloitte’s latest annual report on the renewable energy space, support for wind and solar power is on the rise. The report notes that advances in technology and the falling costs of clean power have secured growth for the foreseeable future. These two factors have made renewable energy competitive with more conventional forms of power. Businesses are…

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Switzerland to phase out nuclear power in favor of renewable energy

Renewable Energy - Switzerland Flag

Swiss voters show favor for renewable energy over nuclear power Switzerland voters have approved a new plan for the government to move away from nuclear power in form of renewable energy. The Swiss government is keen to replace aging nuclear reactors with new energy solutions in order to ensure that the country has a reliable source of sustainable electricity. Some 58% of Swiss voters approved the plan over the past weekend, which now requires the government to take action on phasing out nuclear power. Plan calls for nuclear power plants…

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Geothermal heating plant spreads the warmth in Paris

Geothermal Heating Plant

The Clichy-Batignolles municipality of the French capital now has a fully operational facility. The geothermal heating plant launched at the Paris City Hall in February is now operational. The facility is located in the Clichy-Batignolles municipality in the greater Parisian area. The new geothermal facility provides home within the district with eco-friendly heat and sanitary water. Aside from the environmental advantages available through the geothermal heating plant, it was also designed to be the first component of a broader network of localized power generation. It also represents a sizeable opportunity…

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Colorado city sets sights on renewable energy to combat power problems

Renewable Energy - Pueblo, Colorado Courthouse

Homeowners voice concern over power outages and hope to see more renewable energy solutions Homeowners in Pueblo, Colorado, have come together to voice concern over the city’s apparent energy crisis. According to homeowners, as well as other locals, the city has been struggling with blackouts for some time. In some cases, these power outages have forced families to travel to motels and even homeless shelters in order to access the electricity they need. Local businesses have also expressed concern over increasing power bills, a problem that is creating a significant…

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